[Arn_Thor]

Building cities and state infrastructure costs money. China is in practice following pretty standard Keynesian thought. Educated people can and do disagree about whether it will work, but the shift to stability over GDP is not a sign of weakness... It's exactly what western observers and doomsayers for years have been asking for. China's permabears will keep complaining, of course, as is their right, but that doesn't change facts on the ground.